Bitcoin is ripe for a pullback, says analyst

An analyst who called the beginning of Bitcoin’s big correction last year said that BTC is now getting ready for a new pullback, according to the latest reports coming from the online publication the Daily Hodl.

The pseudonymous trader Dave The Wave tells his followers on Twitter that BTC is knocking on a resistance level that has kept the market bearish for ver two years.

If BTC will continue to respect the long-term resistance, Dave the Wave is seeing a strong sell-off that could push BTC down to $6,400.